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of medicare and medicaid. >> there's a right way to do this and there's a wrong way to do it. but at the end of the day, nancy what's got to happen is whoever's right or wrong here we've got to get the economy going again. >> reporter: chambliss and virginia democrat mark warner head up the senate's gang of eight-- four democrats and four remembers who have worked for two and a half years to find a bipartisan approach to debt reduction. do you think your democratic colleagues are going to be willing to entertain discussion of social security reform, medicare reform as part of this deal? >> listen, i think anyone that looks at our entitlements, medicare, social security, other programs, they're great programs. but the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living a lot longer than we were when these programs were established. >> reporter: republicans may be more open now to raising tax revenue, but that doesn't mean they support raising tax rates for the wealthy. they support instead, scott, limiting tax deductions for the rich. >> pe
the fiscal cliff contain no medicare, medicaid, and social security benefit cuts. it puts them at odds with the president who has said everything should be on the table, including entitlements, senate republican leader mitch mcconnell. >> we want to save these programs and i understand the dilemma the president and the majority leader have. their hard left doesn't want to change anything ever. >> reporter: but the top senate democrat harry reid says republicans are the ones dragging their heels. there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. >> reporter: republicans point out that medicare and medicaid are the largest future drivers of the debt. they say they won't agree to increased revenue from taxes unless they get entitlement cuts as well. scott, it's safe to say there are going to be people on the right and left howling mad at no matter what this deal looks like. >> pelley: nancy, thank you very much. one idea they're looking at is scalin
nut is going to have to be medicare and medicaid. >> pelley: and jim axelrod with a woman on a mission to recover memories sandy washed away. >> the storm can take our houses and possession bus she left us these photos. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. at the end of the most violent day yet in the battle between israel and the hamas government in gaza, secretary of state hillary clinton arrived in jerusalem to try to broker a cease-fire. but late today things looked frosty between the secretary and israeli prime minister benjamin netanyahu. faces were long and comments were short. she had just flown ten hours, leaving president obama behind on a tour of cambodia throughout this day there were rumors of peace but israel unleashed a ferocious bombardment of gaza from air and sea. the palestinians and gaza fired back. since this started last week, 133 palestinians have been killed in 1,500 israeli air strikes. five israelis have died after more than one thousand rockets rained down from gaza. we have correspondents on b
discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this stuff goes to the wealthiest people in america. 20% of the american people use 80% of that stuff. >> we have $1.1 trillion of loopholes, of back door spending in the tax code. >> reporter: $1.1 trillion? >> annual. and that's what we said: "let's start with a plan that wipes those out." >> reporter: their plan also called for deep spending cuts-- $200 billion a year-- and streamline both the pentagon and the
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. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. [ male announcer ] it's that time of year. time for campbell's green bean casserole. you'll find the recipe at campbellskitchen.com. ♪ campbell's. it's amazing what soup can do. get coricidin hbp. the number one pharmacist
Search Results 0 to 5 of about 6